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Supplemental Income 101
More than three-quarters of Americans are living paycheque to paycheque and most would struggle to come up with a few thousand dollars immediately during an emergency.
No matter what a person’s financial situation is, more money is always nice, and many Americans have had to get creative in finding ways to make a supplemental income.
If you’d like to know more about some easy ways to legitimately make money from home, you’re going to want to keep reading. Time is money, so let’s get started!
One Person’s Junk is Another’s Treasure
The internet has made it easier than ever to connect with potential buyers and expand your horizons while increasing your earning potential.
Not long ago, if people wanted to make a little extra cash, they’d gather up all their junk, pull it out onto the front lawn or driveway and have a yard sale. It’s still a popular summer past time.
But you’re not limited to spending your weekends in a lawn chair having people haggle over the $1 you want for an old Rolling Stones record.
Virtual garage sales, Instagram vintage clothing accounts, and online second-hand stores have become a popular and effective way to turn one person’s junk into another person’s treasure while putting some cash into your own bank account.
Freelancing Your Skills
Outsourcing is a growing trend in every industry. More small businesses supplement their staff pool with freelancers, big companies cut costs by eliminating full-time positions and opting for freelancers who don’t require benefits.
Everything from webpage design and copywriting positions to bookkeeping and marketing tasks is outsourced to freelance and contract workers.
Sell Your Talents
You have a bunch of talents and skills that you probably don’t even consider when thinking about earning money. They’re your hobbies and passions.
The things you love to do in your spare time can be a virtual pot of gold if you find a way to market them to the masses.
Brainstorm what your talents are and how they could possibly become a supplemental income.
Make a list of potential customers and the marketing strategies you could use to reach them.
Don’t limit yourself to what has typically been your “job”. Think outside the box and look at every possibility.
If you are good at cards and love to gamble, put it on the list. Maybe you can find a way to win real money on slots and claim your bonus.
No idea is too wild or risky. Put every talent you think of on the list.
After you have a full list of potential sources of income, you can decide which ones are worth further exploration and could be viable.
You may narrow your list of exciting opportunities down to four or five choices. You don’t have to settle on one and wait for it to be successful. Don’t wear yourself too thin, but don’t limit yourself either.
Earn Through Your Passion
Ideally, wouldn’t it be great if you could earn money doing what you love most in life? It is possible to turn your passion into an income. People do it all the time and become their own boss by being creative about their definition of a job.
Just look at Meaghan Smith, who turned her talent and passion for music into, making a career writing songs for other people’s lives.
Some potential ideas:
- Arts and crafts
- Upcycle or refinished furniture
- Online music lessons
- Sell your wisdom in an online course or consulting
- Writing or editing
- Artwork
- IT
Anything that you can do with proficiency, you can do for money. It may take some time to find the right balance.
A Supplemental Income Can Turn Dreams Into Your Reality
It will take some work to find your niche, connect with clients, and establish a consistent supplemental income but it can happen with the right attitude, planning, and commitment.
You can live the life you have always wanted if you are willing to put in the work and be creative in sharing your talents and skills with the world.
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